Baltic area

The three Baltic countries – Lithuania, Latvia and Estonia – have 3.3 million of working-age population. Half of them live in Lithuania. Lithuanian residents have a high educational level. 92% of people of working age have higher or secondary education. Currently, it is the highest level of education among the population in the European Union (the EU average is 75.2 percent). Lithuania achieved this indicator in comparison with other European countries, rising from the fifth place (in 2005) to the first (2013).

Lithuania is among the countries that have implemented the EU’s strategic goal to have 40 percent of young adults (30-34 years old) in the EU with higher education by 2020. Lithuania has achieved this goal in 2009 (40.6 percent), while in 2013 this figure in Lithuania was 51.3 per cent.

93% of Lithuanians speak at least one foreign language, and every second resident speaks two foreign languages. 80 per cent of Lithuanians can speak Russian, 38 percent English, and 14 percent know the German language. With increasing number of investors from Scandinavia, Lithuanian universities offer special programs in Scandinavian languages.

Although the Baltic countries is a home to many highly skilled, educated professionals, wages in the region are relatively low. The minimum wage in Lithuania is one of the lowest in the European Union. It is 290 euro. The minimum wage in Latvia is 320 euro, and 355 euro in Estonia. The average wage in Lithuania is about 524 euro, in Estonia – 785 euro, and in Latvia – 530 euro.

As employees, people in the Baltic region are characterized by western way of thinking, loyalty, diligence, and innovativeness.

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Baltic FEZ has been established by a team of professionals with a clear objective – to responsibly assist investors in the setting up, development of a profitable business, contribute by its activity to the economic and social ecosystem of the region.

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